L&T Shares Decline Over 5% Amid US-Iran Tensions, Lead Nifty Losers

Larsen & Toubro Shares Fall 5% Amid Global Market Volatility

On March 2, Larsen & Toubro (L&T) shares declined by 5% to Rs 4,057.1 apiece, making it the top loser on the Nifty index, which was trading 1.7% lower at the same time.

As a major player in the infrastructure sector, L&T has a significant presence in the Middle East, citing long-standing operations across energy, infrastructure, renewables, and technology sectors. The company has identified the region as strategically significant, with major investments expected in areas such as AI infrastructure, Data Centers, and large-scale urban projects in Saudi Arabia and the UAE.

For the nine months ended December 31, 2025, international orders accounted for Rs 1,91,084 crore, contributing 55% to the total order inflow. In the December quarter, international orders stood at Rs 66,848 crore, contributing 49% to the total order inflow. International revenues were Rs 38,775 crore, constituting 54% of total revenues.

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In its December quarter results presentation, L&T reported a 4.2% drop in consolidated profit after tax (PAT) at Rs 3,215 crore due to a one-time provision for employee benefits related to new labour codes. The company's total consolidated PAT for the quarter includes a one-time material provision of Rs 1,191 crore towards employee benefits arising from the implementation of the new labour codes.

Financial Highlights:

• Larsen & Toubro shares: Rs 4,057.1 apiece
• Nifty index: 1.7% lower
• International orders (9 months ended December 31, 2025): Rs 1,91,084 crore
• International revenues (December quarter): Rs 38,775 crore
• Consolidated PAT (December quarter): Rs 3,215 crore
• One-time provision for employee benefits: Rs 1,191 crore